Tidewater(NYSE) TDW

Tidewater Inc. helps energy companies move people and supplies. Its specialized ships support the search for oil and gas. The company also helps build and maintain offshore windfarms.

Ships That Move Energy Assets

• Europe and Mediterranean: Platform supply and anchor handling vessels serving offshore energy projects; generated $199.0 million in revenue for the six-month period ended June 30, 2026.
• West Africa: Marine support services for exploration and production in regional waters; generated $163.1 million in revenue for the six-month period ended June 30, 2026.
• Americas: Deepwater and shallow water vessel operations across North and South America; generated $112.5 million in revenue for the six-month period ended June 30, 2026.
• Asia Pacific: Specialized vessels supporting energy activities, including high-cost operations in Australia; generated $94.5 million in revenue for the six-month period ended June 30, 2026.
• Middle East: Support for regional drilling and production despite local geopolitical conflicts; generated $94.1 million in revenue for the six-month period ended June 30, 2026.

Growing the Global Fleet

• Entered a definitive agreement on Feb. 22, 2026, to acquire the Wilson Companies for $500.0 million.
• Planned the addition of 22 platform supply vessels operating in Brazil through the pending Wilson Companies transaction.
• Purchased two vessels during the first quarter of 2026 that were previously operated under bareboat charter agreements.
• Approved a $500.0 million share repurchase program on Aug. 1, 2025, to return capital to stockholders.

A Massive Geographic Reach

Tidewater manages the broadest geographic operating footprint in the offshore vessel industry. A global network enables the company to respond quickly to changing market conditions and diverse customer requirements.

Recent Financial Performance

• Total revenue was $668.5 million for the six-month period ended June 30, 2026, down 1% year over year.
• Operating income reached $121.5 million for the six-month period ended June 30, 2026, down 22% year over year.
• Net income attributable to the company was $27.8 million for the six-month period ended June 30, 2026, down 76% year over year.
• Cash and cash equivalents totaled $616.1 million as of June 30, 2026, to fund strategic initiatives and acquisitions.

Evolution of a Marine Leader

Tidewater has evolved over seven decades from a regional operator into a global leader in marine energy services. The company maintains its market position by expanding its specialized fleet and supporting both traditional and renewable energy projects.